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Rule 4 Interpretation

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The following expressions used in these Rules take their meaning from the Banking Act 2009 (in accordance with section 11 of the Interpretation Act 1978f1 – construction of subordinate legislation)—

(a)

“bank” (s. 2),

(b)

“bank administration” (s. 141(4)(a)),

(c)

“bank administration order” (s. 141(1)),

(d)

“bank administrator” (s. 141(1)),

(e)

“bridge bank” (s. 136(2)),

(f)

“the court” (the High Court – s. 166(1)),

(g)

“the FSA” (the Financial Services Authority – s. 166(2)),

(h)

“Objective 1” (support for commercial purchaser or bridge bank – ss. 137 & 138),

(i)

“Objective 1 Achievement Notice” (s. 139(4)),

(j)

“Objective 2” (normal administration – ss. 137 & 140),

(k)

“private sector purchaser” (s. 136(2)),

(l)

“property transfer instrument” (s. 33),

(m)

“residual bank” (s. 136(2)), and

(n)

“resolution fund order” (s. 49(3)).

(2)

Expressions used in the Companies Act 2006 have the same meaning as in these rules.

Annotations

Footnotes

f1

1978 c. 30.